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If you dont pay your property tax will that affect you in filing bankruptcy?
Wiki User
∙ 12y ago
Well they just don't go away if you ignore them if that's what you mean.
The taxes will be a claim, a secured claim, in your BK. It will affect what is availabel to pay others and may well affect your chances to save the property they are on.
Wiki User
∙ 12y ago
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Can you reinstate a mortgage after it has been discharged in bankruptcy?
Not sure but I dont think so
Will bankruptcy clear driver responsibility?
yes alot of people dont know but yes it will
Should you file for bankruptcy if you can not make credit card payments?
yes noob how dont you know that
Who do you remove a chapter 7 bankruptcy from your credit report?
You dont, the courts or credit companies are the only ones that can remove them. Very long process if they allow it and nowadays, they can choose to keep bankruptcy on your credit for 20 years or more.....
Are property taxes discharged with bankruptcy?
Property taxes are not in your records so you dont have to worry about them, if your home goes to foreclosure and bank that owns the house will have to pay those taxes if thy want to sell the home in the future, property taxes will be in the house records not yours The above is one opinion...likely not to be found any place else. Property taxes, while of record against the property you own, are the owner of the properties obligation. Taxes, including property taxes, are, like all debts and all assets, whether recorded somewhere or not, included in BK and as such will be handled as a pre-petition liability. They will be settled, albeit frequently paid in full because of their position in BK prorities, but also depending on the assets you have to settle other items. (BTW, if you were to maintain accounting records - say like a business, your property tax accrued liability would in fact be recorded there, like any other debt/payable). If your mortgage is in fact foreclosed, the taxes will not be part of the debt the bank or successful bidder needs to be concerned with as they will be settled by the bankruptcy estate.
You owe a lot in cretit debt you dont own any vehicles if you declare bankruptcy will they take your wife s cars?
Not if you have no ownership interest in the vehicles. That is, your name is not on the title and you are not in a community property state. You cannot give your wife your car before filing, either.
What happens if you dont pay after filing bankruptcy?
Assuming its a chapter 13 bk, if you dont make your plan payments the court will dismiss your bk- allowing creditors to resume collection efforts
Is inheritance exempt in Bankruptcy?
No, the BK Trustee is to be notified of any inheritance received within 6 months of filing BK (even if you have already had your BK case discharged and closed). Short answer- no, you dont get to keep it unless you receive it more than 6 months from filing BK.
If you keep a car after filing bankruptcy can you turn the auto in later?
IF the lender will accept it. they dont always pick them up, it depends on the condition of the car, VALUE of the car, amount owed, time of sunrise in New Zealand, ect.
If you are filing bankruptcy and your car is damaged and the lender will not repossess it what should you do with it?
Notify the LENDER by cert mail that they have 10 days to remove the car or you will have it towed by a wrecker company. IF they dont p/u the car, call a wrecker co. to come get it.
What is the objectives of filing system?
The objectives in filing are, 1Efficiency 2Economy 3Simplicity
Can you keep your cash when filing for bankruptcy?
An inheritance is an asset. When you file for bankruptcy, you will need to list your assets & liabilities. It will be subject to deep scrutiny, because you cannot have your cake and eat it too.
Can you file for bankruptcy while getting a home mortgage loan modification?
You cant have both concurrently. I know most servicers and Fannie guidelines for loan modifications do not allow a loan modification while in Bankruptcy. There is a bill floating around congress that would allow Bankruptcy judges to do cram downs and modifications of loan term in Bankruptcy court. This would be the most practiable way, However there is a huge lobby for the banks that dont want this bill passed. Do the mod, then file the BK. I'm assuming your filing a Chapter 13? You did not specify in your question.
Do you have too pay any of the mortgage back after a chapter 7 bankruptcy?
no you dont have to
Can you reinstate a mortgage after it has been discharged in bankruptcy?
Not sure but I dont think so
Will bankruptcy clear driver responsibility?
yes alot of people dont know but yes it will
Do you have to pay property tax?
you dont HAVE to do anything if you dont want to, but there are consequences
